But perhaps the most interesting (and most buzzed-about) part of the book comes near the end, when he says he has been in a romantic relationship with a man for seven years, confirming for the first time that he is bisexual. Davis said he considers himself bisexual, not gay, even though he has been in "a strong monogamous relationship" with a man, whose identity he has not revealed, for seven years.

The twice-married executive also reveals how he began dating men about three decades ago when a man approached him at Studio 54 in New York, and went on to have a romantic relationship with a male doctor from 1990-2004.

"Was I nervous?" Davis wrote. "Absolutely. Did the heavens open up? No. But it was satisfying."

"Do I feel I could have been similarly attracted to a woman? The answer is yes," he said.

Check out his interview with ABC News:

Davis, 80, was the founder of Arista and J Records and now serves as chief creative officer of Sony Music Entertainment. The Grammy-award winning exec is perhaps best known as Whitney Houston's mentor and father-figure for the late singer. The memoir serves as somewhat of an overdue sequel to his first book, 1975's Clive: Inside the Record Business.

The new book is not sitting well with everyone. Kelly Clarkson, for one, has responded to what she calls "false information" written about her. In a post on WhoSay, the original 'American Idol' writes, "I refuse to be bullied and I just have to clear up his memory lapses and misinformation for myself and for my fans. It feels like a violation. Growing up is awesome because you learn you don't have to cower to anyone - even Clive Davis."

Check out an excerpt from the audiobook's introduction, read by Clive Davis: